At the intersection of corporate governance and performance in family business settings: Extant knowledge and future research

2019 ◽  
Vol 29 (1) ◽  
pp. 143-166 ◽  
Author(s):  
Virginia Bodolica ◽  
Daniel Dupuis ◽  
Martin Spraggon
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Future Research ◽  
And Performance

Examining the Relation Between Ethical Focus and Financial Performance in Family Firms: An Exploratory Study

2010 ◽  
Vol 23 (4) ◽  
pp. 310-326 ◽  
Author(s):  
Ernest H. O'Boyle ◽  
Matthew W. Rutherford ◽  
Jeffrey M. Pollack
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Family Involvement ◽  
Family Business ◽  
Exploratory Study ◽  
Family Firms ◽  
Research Area ◽  
Future Research ◽  
Business Studies ◽  
And Performance

Empirically, the confluence of family involvement, ethics, and performance is a sparse research area. The authors explore a rich theoretical framework relating family involvement, ethical focus, and firm performance and empirically test a mediated model using a sample of 526 family businesses. The results illustrated that a firm’s ethical focus mediated the relation between family involvement and financial performance. Specifically, data supported the relation between family involvement and a firm’s ethical focus. And increased ethical focus predicted increased financial performance. The authors discuss the implications of these findings and offer potential areas for future research in family business studies.

scholarly journals Family business identity and corporate governance attributes: Evidence on family-owned enterprises in the UAE

2017 ◽  
Vol 14 (4) ◽  
pp. 122-131 ◽  
Author(s):  
Daniel Dupuis ◽  
Martin Spraggon ◽  
Virginia Bodolica
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Family Firms ◽  
Performance Outcomes ◽  
Family Businesses ◽  
Superior Performance ◽  
Future Research ◽  
Developed Economies ◽  
Secondary Sources ◽  
Business Practitioners

Over the past decades, the empirical evidence on the intersection of family businesses and corporate governance has flourished significantly in the context of developed economies. Yet, little is known to date about the effectiveness of various governance mechanisms in family-owned enterprises operating in emerging markets. Due to the evolving nature of corporate governance frameworks in these markets, family business practitioners need to enhance their knowledge about governance arrangements that may lead to superior performance outcomes. Our aim is to contribute to the literature and assist practitioners by exploring the relationship between family business identity and corporate governance attributes in family-run companies located in the UAE. Data related to organisational background, familial identification and governance devices were gathered from secondary sources for a sample of 195 UAE-based family firms. Based on quantitative data analyses, we uncover the prevailing characteristics of family businesses in the UAE and identify how the familial identification of its members is associated with structural attributes of board of directors and top management team (e.g., size, family relatedness, gender and cultural diversity). The concluding section discusses the contributions of our study and delineates priorities for future research in the field.

scholarly journals Gender Diversity on the Board of Director and Firm Performance: Agency Theory Perspective

2021 ◽  
Vol 12 (2) ◽  
Author(s):  
Lela Hindasah ◽  
Mugi Harsono
Keyword(s):  
Corporate Governance ◽  
Selection Process ◽  
Gender Diversity ◽  
Future Research ◽  
Company Performance ◽  
Female Directors ◽  
Board Of Director ◽  
Governance Practices ◽  
And Performance ◽  
Board Gender Diversity

Research aims: This paper provides a literature review on the influence of board of directors' gender diversity on financial and non-financial performance.Design/Methodology/Approach: This research used the content analysis identified from previous studies based on the proxies employed. The article selection process was carried out from reputable international journals published in 2017-2020, resulting in 50 articles discussing board gender diversity and performance.Research findings: This study's results are a conceptual model and future research developments. Research related to female directors and performance has been much carried out. Hence, future research suggests correlating female directors based on monitoring characteristics, human capital board, and demographics. The influence of gender diversity on non-financial performance is also rarely studied.Theoretical contribution/Originality: Identification of gender diversity attributes associated with financial and non-financial performancePractitioner/Policy implication: This study provides valuable information for policymakers or regulators to refine future corporate governance policies and increase understanding of the relationship between corporate governance practices and company performance as measured by financial and non-financial performance.Research limitation/Implication: This study is based on only 50 articles in the last four years.

scholarly journals Factors affecting bank governance in Malaysia

2012 ◽  
Vol 2 (1) ◽  
pp. 51-56
Author(s):  
Wan Masliza Wan Mohammad ◽  
Rapiah Mohd Zaini ◽  
Haslina Hassan ◽  
Takunda Guest Charumbira
Keyword(s):  
Corporate Governance ◽  
Negative Relationship ◽  
Future Research ◽  
Bank Performance ◽  
Assessment Practice ◽  
Factors Affecting ◽  
Merger And Acquisitions ◽  
And Performance ◽  
Governance Risk ◽  
Bank Risks

Since the financial crisis in year 1997, banks in Malaysia had undergone various issues and transformations, including stricter regulation on merger and acquisitions and greater enforcement of corporate governance. Besides that, the institutions had also gone through the transformation in terms of the risk assessment practice due to the stricter rulings under Basel II regulations. Taking into account of these changes, this study empirically examines the effects of corporate governance, risk and capital on the performance of banks in Malaysia. Based on 132 firm-year samples for the period of 2004-2009, study indicates a significant and negative relationship between bank risks and performance. It further reveals that the risk weighted capital (RRWC) improves bank performance. However none of the corporate governance variables have any associations with banks performance. The detail explanations of the findings along with the suggestions for future research are provided in the full text of the reports.

Chief executive officer compensation, corporate governance and performance: evidence from KSA firms

2019 ◽  
Vol 19 (6) ◽  
pp. 1216-1235 ◽  
Author(s):  
Gaafar Abdalkrim
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Organizational Performance ◽  
Ceo Compensation ◽  
Chief Executive ◽  
Listed Companies ◽  
Future Research ◽  
Content Type ◽  
Interesting Insight ◽  
And Performance

Purpose This paper aims to examine the relation between chief executive officers (CEOs) compensation and organizational performance in KSA listed companies. It also aims at investigating the effect of corporate governance mechanisms according to this relation. Design/methodology/approach The researcher uses unbalanced panel data regression analysis on a sample of 181 KSA listed companies from 2005 to 2014. Findings The estimation result suggests that CEO Compensation is positively associated with firm performance. The results also show that corporate governance positively and significantly affect the relation between CEO Compensation and performance. Research limitations/implications This research, like any other, has some limitations that can be addressed by future research. The important limitation of this research is that the generalizability of the results is limited by the fact that the majority of the firms in the sample are from material sector which is represented by 42 (32 per cent) firms versus pharmaceutical sector which is represented by only one (1 per cent) firm. Therefore, a future research can tackle the effect of CEO compensation, corporate governance on future firm performance independently. Practical implications The findings have some important implications for stakeholders such as policymakers, listed firms managers, business owners and academic researchers in the emerging KSA market. Besides, understanding the relation between CEO compensation, corporate governance and firm performance can aid the success of corporate modernization and economic reform in KSA. Originality/value The research attempts to fill a substantial gap in the literature by providing the first rigorous econometrics evidence on CEO compensation, corporate governance and firm performance. In addition, it provides interesting insight for researches, decision-makers and board members in KSA.

scholarly journals Toward an Understanding of Family Business Sustainability: A Network-Based Systematic Review

2020 ◽  
Vol 13 (1) ◽  
pp. 5
Author(s):  
He Soung Ahn ◽  
EuiBeom Jeong ◽  
Hyejin Cho
Keyword(s):  
Systematic Review ◽  
Corporate Governance ◽  
Family Involvement ◽  
Family Business ◽  
Academic Disciplines ◽  
Future Research ◽  
The Sustainable Development ◽  
Key Topics ◽  
Research Stream ◽  
Insight Into

Family business governance is an important issue for the sustainable development of economies worldwide due to its economic contribution. This review aims to offer a systematic overview of how prior studies explore the issue of family involvement within the broader corporate governance literature. By adopting a network-based perspective to visualize the research stream, this study provides meaningful insight into the key topics investigated, the patterns in the connections between critical papers, and the key players building the literature. Specifically, this paper makes three major contributions. First, our systematic review based on network analysis of keywords, citations, and authors enhances the understanding of how research on family involvement in the corporate governance literature is interconnected. Second, a large and extensive pool of corporate governance research on family involvement (947 papers) is employed to encompass research on family involvement from various academic disciplines under the umbrella of corporate governance. Third, by providing answers to questions such as “which journals should I read?”, “which keywords should I look for?”, “who are the leading scholars?”, “which journals are scholars publishing in?” and “what are emerging research trends?”, this study offers valuable implications for future research and meaningful guidelines for future studies in the field.

Review of differences between listed and unlisted family business research trends: a corporate governance context

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Edem M. Azila-Gbettor ◽  
Ben Q. Honyenuga ◽  
Robert Jan Blomme ◽  
Ad Kil
Keyword(s):  
Corporate Governance ◽  
Family Business ◽  
Performance Studies ◽  
Family Businesses ◽  
Empirical Literature ◽  
Content Type ◽  
Financial Measures ◽  
Business Studies ◽  
And Performance ◽  
Definition Of

PurposeThis review assesses state of knowledge by critically comparing empirical literature on relationships between corporate governance and performance with regards to listed and unlisted family business.Design/methodology/approachThe study applies a systematic review approach to assess 159 corporate governance and performance studies on family business published in peer-reviewed journals between 2000 and 2016.FindingsResults from the review demonstrate heterogeneity in definition of family business, limited study of indicators of ownership and board dimensions of corporate governance in unlisted family businesses and over concentration on financial measures by listed family business studies. Possible solution was offered for potential research gaps.Originality/valueThis is the first review that comprehensively compares studies in listed and unlisted family business from the perspectives of corporate governance. Findings from this review may contribute to promoting research in corporate governance in the context of listed and unlisted family businesses.

Structural aspects of corporate governance and family firm performance: a systematic review

2018 ◽  
Vol 8 (3) ◽  
pp. 306-330 ◽  
Author(s):  
Edem M. Azila-Gbettor ◽  
Ben Q. Honyenuga ◽  
Marta M. Berent-Braun ◽  
Ad Kil
Keyword(s):  
Corporate Governance ◽  
Family Firms ◽  
Empirical Studies ◽  
Family Firm ◽  
Future Research ◽  
Content Type ◽  
Family Governance ◽  
Search Terms ◽  
And Performance ◽  
Future Work

PurposeThe purpose of this paper is to systematically review and examine extant knowledge on corporate governance structures (CGS) and performance relation within family firm and set the agenda for future research.Design/methodology/approachThe study analyses the content of 159 empirical articles retrieved mainly from Google Scholar and published between 2000 and 2016 in 61 highly ranked journals across different disciplines.FindingsThe review reveals fixation on quantitative approach and its associated techniques in examining CGS and performance nexus. The results from the review demonstrate heterogeneous relation between measures of CGS and performance. Suggestions for further studies include: measurement of non-economic performance of the family firm and incorporation of moderators and mediators from the organizations’ environment through the adoption of multilevel research.Research limitations/implicationsThe limitations of this review include: first, issues relating to key/search terms and journals used for the study; this may not be exhaustive and hence likely to lead to omission of key publications. Second, scholarly attention in terms of empirical studies on family governance, including family council, family assembly and family constitution, has been scarce (Suess, 2014; Klein, 2008; Witt, 2008); hence family governance is outside the scope of this review. In sum, future work may explore other keywords and publications not used in this review and consider review of family governance.Originality/valueThe authors offer a multidisciplinary conceptual framework that synthesizes and integrates the existing literature on CGS across different disciplines within family firms. This provides researchers across different disciplines a common platform for interdisciplinary discourse.

scholarly journals A survey of corporate governance studies in China

2013 ◽  
Vol 10 (4) ◽  
pp. 61-70
Author(s):  
Larry Li ◽  
Tony Naughton
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Organizational Structure ◽  
Driving Forces ◽  
Research Direction ◽  
Future Research ◽  
Future Research Direction ◽  
Board Characteristics ◽  
Governance Practices ◽  
And Performance

This paper reviews the theoretical and empirical corporate governance literature in China, concentrating on relationships between ownership, board characteristics and firm performance. In addition, we explore the recent floatation of non-tradable shares and relationship contracting (Guanxi), which are two unique corporate governance issues in China. Overall, the understanding of the key driving forces of firm organizational structure, corporate governance practices, and performance remains largely inconclusive and we make recommendations for future research direction.

Corporate Governance and Performance of Organizations

2018 ◽  
Vol 9 (5) ◽  
pp. 439-446
Author(s):  
Hamid Ait lemqeddem ◽  
◽  
Mounya Tomas ◽  
Keyword(s):  
Corporate Governance ◽  
Agency Theory ◽  
Theoretical Foundation ◽  
Quantitative Approach ◽  
Governance Practices ◽  
Deductive Method ◽  
Private And Public ◽  
Is Theory ◽  
And Performance ◽  
Do So

There is renewed interest in the need to focus on corporate governance in an environment where it is a performance imperative for all small and large organizations, private and public, beginner or established.The purpose of this study is to demonstrate the place of corporate governance practices in organizations to ensure that the board, officers, and directors take action to protect shareholder interests and all stakeholders. It is important to focus on the effect of these practices on improving performance and competitiveness. To do so, we opted for the hypothetico-deductive method with a quantitative approach. Our theoretical foundation is theory is agency theory.

Sign in / Sign up

Export Citation Format

Share Document